Mergers & Acquisitions

July 2018

Denver, CO– Capstone Headwaters has successfully advised Eagle Automation (the “Company”), a distributor of automation & measurement (A&M) solutions to the upstream oil & gas industry, on its majority recapitalization with Featheringill Capital. Terms of the deal were not disclosed.

Founded in 2000, Eagle Automation has six locations throughout Colorado, Texas, New Mexico and Kansas. The Company is focused on bringing industrial automation technologies and best-practices to the wellsite and production facilities. Eagle provides a comprehensive suite of automation & measurement services and products, helping customers realize operational and cost efficiency improvements. By providing modular and easily deployable solutions, Eagle Automation seeks to minimize the complexity, duration, and resources needed to install and maintain automation solutions.

“As the Oil and Gas market continues to demand more innovative technologies and solutions as well as more efficient operating models, this partnership with Featheringill will advance Eagle’s capabilities and the value we deliver to our customers,” said Brandon Giles, founder and CEO. Added Giles, “I am excited to partner with one of our largest investors since 2013, a high character and talented team that shares our 2020 Vision for the Company and has a track-record of being responsible stewards of the companies that they invest in. The partnership will allow us to accelerate the delivery of new and existing solutions to the market, enhance our suite of capabilities and enter new geographies.”

Featheringill Capital is an operator-led family office based in Birmingham, Alabama. The firm focuses on creating long-lasting legacies for companies by building out strong management teams and adding the necessary infrastructure for growth.

“In the fragmented A&M market, Eagle has differentiated itself by consistently offering superior products and services on an integrated, wholistic basis to blue-chip oil and gas producers. The strong leadership team at Eagle has built a great foundation and we’re excited to help them expand their footprint,” said Bill Fox, Managing Partner at Featheringill Capital.

Industry Experience

Lead Professional

"The Capstone Headwater’s team was unique in its ability to bring together expertise in oilfield services, automation & industrial technology and value-added distribution in telling the Eagle story and cultivating the right set of potential partners for the Company. Our new investors have the passion and commitment to continue our growth path through service line additions, geographic expansion, and select acquisitions."